Tax query on Stock investment

49°
Deal Subedar
Vijay_Thalap...
Guys, My mom doesn't have any income source.  if I transfer money to my mom's bank account and create a demat account for my mom and invest there .

would dividents /profits be taxed ?
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Deal Subedar Deal Subedar
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taxation would be as per the income slab

tagging @bikidas2060 for more info

Tech Guru Tech Guru
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As per slab. Ltcg and stcg ll also be applicable.

@amdoinggood123

Deal Newbie Deal Newbie
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Extract from Mint newspaper:

"

An individual,  is eligible to consider the benefit of progressive slab rates and can adjust the basic exemption limit ( ₹3 lakh under new default tax regime ) against LTCG, as may be remaining after adjustment against incomes other than capital gains, to the extent prescribed."

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